November 3, 2020 - FX Trading aggregator and bridge provider PrimeXM has reported FX volume figures for October 2020. PrimeXM volume figures are a good proxy for activity in the Retail FX (brokerage) market with most end customers being Retail FX brokers.

PrimeXM Year To Date Volume, 2020


PrimeXM registered a total of $894.36 billion in monthly trading volume in October across the 3 major Data Centre locations, which represents a 4.55% MoM decrease in trading volume compared to September 2020.

PrimeXM October 2020 Daily Volume


The highest daily trading volume of the month was recorded on 28 October with a $58.16 billion turnovers. The total number of trades in October was 25.07 million.

PrimeXM October 2020 Overall Statistics

PrimeXM Overall Statistics October 2020.png The Average Daily Volume (ADV) in October was $40.65 billion, down 4.56% on September, in line with other platforms who also generally are recording lower volumes for October.

PrimeXM September 2020 Data Centre Statistics

PrimeXM DataCentre Statistics October 2020.png 76% of the total monthly traded volume was recorded in the London LD4 Data Centre – $686 billion in notional value. The Data Centre in NY4 has overtaken JP3 to be the second most active, with a monthly trading volume of $108.95 billion.

PrimeXM Top 15 Traded Instruments October 2020

PrimeXM October 2020 Top15 Traded instruments.png XAUUSD has remained the most popular instrument which has been the case oover the past few months, with total trading volume at $245 billion in October. This represents over 27% of the overall monthly trading volume. EURUSD was still the favourite FX pair being traded with $132 billion of volume.

See PrimeXM's Monthly ADV history and its relative performance against other venues by clicking here:

LiquidityFinder platforms monthly ADV Oct 2020.png